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to 36 hours to finish that job. you know, the economy is a huge issue in the election, and here in ohio, why are the people in the state with one of the lowest unemployment rates the most worried? some answers on cnn, next. hone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. try capzasin-hp. it penetrates deep to block pain signals for hours of relief. capzasin-hp. take the pain out of arthritis. >>> with just three days to go until vote issers head to the polls, a new jobs report has both sides taking sides. now companies hired 171,000 employees in october, that is more than any other time in the past eight months. but while hiring has increased, so has unemployment. that rate rose slightly to 7.9%, up from 8% in september.
making closing arguments on an issue that's been front and center throughout the campaign. did an economy in need of a spark find one in october? u.s. employers across nearly all sectors were hiring, for a net gain of 171,000 new jobs. the labor department also revised its august and september figures higher, by 84,000. all told, it signaled slow but steady growth, and it was news that president obama wanted to play up in the campaign's final weekend, especially in one critical state. >> "oh (io), oh (io)" >> brown: the president made three stops in the buckeye state, starting in hilliard, just outside columbus. >> in 2008, we were in the middle of two wars and the worst economic crisis since the great depression. and today, our businesses have created nearly five and a half million new jobs. and this morning, we learned that companies hired more workers in october than at any time in the last eight months. ( applause ) >> brown: and the trend line seemed promising, as well. since july, the economy has added an average of 173,000 jobs per month, up from just 67,000 a month in the spring.
, that it's actually a boost to the economy. is that going to be true in this case? >> well, no. this is a natural disaster. disasters are bad for the economy. obviously, the big hit to the economy initially, is what we're seing in new york. you do get rebuilding, and economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses are going to benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well, there's more losers than winners. the losers would be the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. the secretaried to and trading is shutownor a couple of days, never get that back. the winners are clear. the homebuilders, home improvement, you mentioned home depot and loews and hardware stores. online retailers might benefit because department stores are closed. so some winn
think it's been a very tough spot for the world economy. and it's not that comfortable but i think you did see the first year dramatic decline and then since that first year, 15 months you've seen some pretty substantial recovery that still has a long way to go before people are going to feel like we're fully recovered. >> austan, let me jump in there. we do still have a long way to go. a couple of charts that a supporter of governor romney would hope people would focus on. first labor force participation rate. it rose slightly to 63.8%. look at this number. back to 1981. let me give you another one. second, the so-called underemployment rate now stands at 14.6%. hey, that's a little bit better. but you know what? this is still a number that a lot of people say is the real feel unemployment rate. >> you're getting -- let's not get a little confused. if you take that real unemployment rate, that's down substantially more over the last three years than the observed regular unemployment rate is down. so you don't want to compare two different numbers. you should take any series and look a
. there are people who want to serve when the economy changes, could impact this? yes. but right now, i feel it is not impacting our recruiting. it does not impact our quality operationally, and hopefully that will continue. >> you have been in the job for a little over a year now. god willing and things go right, you have three more years to go. i know that much of the decade before you took this job, it was not in the middle of the night and waking up and saying, what would i do if i was the chief? you have other things on your mind. what has surprised you the most in coming into this circumstance? >> well, i think, -- i guess i've got to be careful. one of the things i tell everybody what i was the commander in iraq and the commander of the core there, have the freedom to make some pretty significant decisions. that freedom is not quite the same here in washington. that is probably one of the biggest adjustment. i had to realize i did not have complete autonomy. i knew that, but it took me a while to understand that really. the real challenges that we have are that we have this large orga
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
's had since we've been in technical recovery, the economy grew 20%. obama has grown 7%. a third the strength of reagan's. job creation much higher under reagan. what did reagan do? all the things that romney and ryan are talking about. lower marginal tax rates. obama wants to raise them. less spending. obama added $5 trillion of debt. we're supposed to have 6% unemployment, according to obama, if he spent $5 trillion. that's not what we got. we know that obama's plan put us in the worst position, fewer people working. fewer people in the workforce. people have given up on job opportunities. very weak economic growth. >> you know, i think a lot of voters, too, are sort of frustrated by the lack of anybody in congress working to the. and john earlier you were talking about the severe partisanship. and some people point to you in this taxpayer protection pledge, which i have on me. i don't know if people can see it clearly. you have everyone sign for the house of reps, i pledge i will oppose any and all efforts to increase the marginal income tax to oppose any net reduction or elim
their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >> susie: but economists say that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey and new york city here's an update: fr and a ha mlion pple are still without power, and it could take another ten days before power is restored. limited flights have resumed at all of the airports in the new york area. public schools are still closed in the city, as well as many schools in new jersey. and
? >> polls show americans care more about the economy and jobs. polls show voters think romney can fix the economy and create jobs. but the media aren't connecting the dots. why not? find out next on news watch. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of hear
, the unemployment rate rose to 7.9%. 47 million people are on food stamps. our economy is still on life support. and our country is $16 trillion in debt. we cannot afford four more years like the last four years, but that is exactly what president obama is offering. instead of developing a plan to address our serious challenges, his campaign is focused on phony issues. and instead of thinking big, they have wound up looking small. the question of this election comes down to this -- do you want more of the same or do you want real change? president obama promised change, but he could not deliver it. i promise change, and i have a record of achieving it. we need a real turnaround if we are going to get our economy growing and get americans working again. and i have led that kind of effort many times before. during my 25 years in business, i helped people turn their dreams into success stories. together, we built names like staples, bright horizons, and the sports authority. and helped create over 100,000 jobs. when i became governor of massachusetts, the economy was in bad shape and our budget wa
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many
about the critical issue remaining, the u.s. economy, the final jobs report before election day came out today. employers added 171,000 jobs to their payrolls in october, better than the experts expected. unemployment rate ticked up to 8.79% as people actively looked for work, not surprisingly with four days to go, both sides are actively spinning the numbers in their own direction, peter alexander from westchester, ohio, good evening. >> reporter: brian, good evening to you with a quick hat to kid rock struming the guitar on the stage, both sides say the job numbers back up their case, both the president and mitt romney spending much of their day here in the state of ohio, how important is the buckeye state? so important that betweenq the two of them they will be here five more times over the next three days. charging into the campaign's final weekend, each candidate tried to frame the latest unemployment reports to his advantage, as either a sign of economic progress. >> this morning, we learned that companies hired more people in october than at any time in the last eight months. >> r
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
about longer delays, and return to normal production and slightly bigger hit on the economy. s this's certainly true. >> tom: what about the impact on the job market. we were supposed to have the october jobs numbers this friday. still expected to come out. not going to be impacted because of this storm but what about november's numbers? >> that's a great question. sometime these major events, those storms are right in the mile of the reference period during which bls measures employment. but sandy is occurring almost directly between october's reference month and november's reference month, actually-- impact of this on the official government numbers for employment. >> tom: just 20 seconds left but damage to confidence at all, consumer confidence? >> no, i think not. people are resilient. they will see through this. they'll get back to the business of rebuilding which of course is a plus for gdp and back to that activity very quickly. >> we hope it happens faster than not. joeling prkenith us, a lookt the economy, macroeconomic advisors. it may seem a bit premature to talk about th
. they were ecstatic about the economy coming back. >> happy days are here again. >> consumer confidence suspect. anticipating better unemployment number tomorrow. if that happens, and i believe it will, then the obama team dominates the news cycle for friday, saturday, and sunday. and the romney team doesn't really have any way to reply. they can't poo poo it because that would seem chir issue will. >> we knew this though, right? o. >> we will see what the numbers are. i really don't think it's going to make any difference in the final four days of this election. >> bill: you don't believe that's what the press is going to do. >> the press as you and i have talked about, the press has been, i think, at its lowest point in the credibility and reliability in this presidential election cycle. i think after this election is over, there is going to be hell to pay for the american people for a whole bunch of reasons. >> bill: there is going to be polling -- >> -- i don't think it matters. there are a whole bunch of people in this country after this election is over, they didn't think the pres
. donate today. >> steve: it will be the last major report card on the economy. the labor department releases monthly unemployment rate. right now it stands at 7.8 percent. economist expect it to go up to 7.9 percent. it is estimated that employers added 125,000 jobs last month and that is up from september and fall short of what is needed to cut the jobless rate. we'll bring that number to you live as it is released from washington. meanwhile new accusations. votes switched from mitt romney to obama. rnc learned of cases in nevadathey are asking the states to recalibrate all of the machines. and have additional technician on hand and use signs to make sure people check their vote. there is no evidence of problems but check your ballot, gretch. >> gretchen: 47 out of 51 times the presidential candidate who won the popular vote has won the electoral. experts believe that mitt romney will win the popular and president obama will take the electoral college and win the white house. can that happen again? what do you think about that, pete? >> i think and firmly believe that mitt romney w
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td amer
%. that's a 12-point swing. the question of whether or not this economy has turned the corner is no longer a question. it's turned the corner thanks mostly to the work of president obama. >> professor, romney today tried to provide a vision of what he'd like to do as president. let's take a listen to mr. romney. >> i know that when i'm elected the economy and the american job market will still be stagnant, but i won't waste any time complaining about my predecessor. i won't spend my effort trying to pass partisan legislation that's unrelated to economic growth. gee said he won't spend his time complain being his predecessor. in fact, he'll take credit for the economic recovery that's under way as he took credit for the success of the education in massachusetts even though he was only governor for four years. >> clearly the economy is not stagna stagnant. there are a lot of different statistical data that suggests the economy is slowly but steadily recovering, and it's real interesting for mr. romney to sort of suggest he's not going to play social conservative politics when he's been playi
the economy around saying the president has failed to meet the challenge fay can the united states. >> the difference between us, he makes promises and he couldn't keep. i'm making promises i have kept and i will keep them for the american people. [ cheers and applause ] >> reporter: president obama meantime, continuing down the path you can't trust governor romney. that he is misleading american people, imploring to give him another four years to get the economy on track. now is not the time to be changing horses. >> after four years of president you know me. you may not agree with every decision i have made. maybe you are frustrated about the pace of change but you know what i believe. you know where i stand. you know i tell the truth and you know i'll fight for you your families every single day. >> reporter: part of what the president said feeds into the narrative that governor romney is creating here. that he is a nice guy and means well but he doesn't put a take to get things done. something that happened yesterday, in springfield, ohio when president obama said thiskr romney
Search Results 0 to 49 of about 506 (some duplicates have been removed)

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